I just don't understand why people are creating a lot of tokens even if there are a lot of it already? Will these not affect the value of Altcoins?
I think it doesn't affect altcoins. Because nowadays there are a lot of tokens out there. Most of them are used for bounty campaigns and for airdrops , it is to promote their tokens. But i knew that not all of these tokens are successful. More people lose their money because of buying these tokens and they didn't expect that its price will suddenly goes down in one blow. 
Topic: Why are there so many tokens? (Read 985 times)
I will want to liken the creation of tokens to the creation of websites, different websites are set up daily to serve several purposes and the value of a new website cannot in any way devalue preexisting ones unless they are in direct competition to dominate a particular niche. As new tokens are created and added to the cryptocurrency ecosystem their defining use cases & future development will determine their value just like it is for websites today.
Nobody will invest into a new token so they have to give them away via airdrops.
The more tokens there are, more dilution of credibility there will be!
The more tokens there are, more dilution of credibility there will be!
It's super easy to create a token.People just pay a little amount of ether and then create a token.Generally most of them are just scam.People create token because maybe they want something return
Lol, cause every want to earn money)
Every man will have his own coin and will not be able to trade it)) lol
There are a lot of same tokens, only with different names..this market isnt under controll - so everyone can make his own coin without troubles, why not? (i dont do that). But i think that it has sense only if it is really in demand.
Every man will have his own coin and will not be able to trade it)) lol
There are a lot of same tokens, only with different names..this market isnt under controll - so everyone can make his own coin without troubles, why not? (i dont do that). But i think that it has sense only if it is really in demand.
In my opinion, More and more people want to use ICO to make money. However, there will be a little of them are really a good project such as Wepower
I just don't understand why people are creating a lot of tokens even if there are a lot of it already? Will these not affect the value of Altcoins?
Because each and every token has their own purpose, tokens are being offered in the market for a specific purpose like trading stocks a token has a business to support and it is used for that business either as a share or a currency. Expect for more and more tokens that will be released and if you are planning to join an ICO make it sure that it is a legit one.
a token made by developer because they want to create a startup i think they need the investor to invest on them to make the startup, so they makes ICO happen to offering about public about their coin. after people know about their coin the vavlue of the coin is increasing and the investor will get the profit
the reason why there is more token because many cimmpy need to invest there site or program.
There are 2 ways to create a token, both very simple to implement. The first one is to use an existing platform like Waves, or Ethereum (costs about $5), the second one is to create a BTC clone (which requires you to edit a few simple lines of code), as the member megynacuna said above. Because it is so easy to create a token, a lot of people do it and like to experiment with it. However, only a few of these tokens have been profitable after their ICO , see (Lisk, PivX , etc).
I just don't understand why people are creating a lot of tokens even if there are a lot of it already? Will these not affect the value of Altcoins?
as you can see in the forum you can see a lot of bountiiies is being created just in this forum it is bbbecause of the big amount of money that can be earn in the ico like what is happening in the bitcoin ethereum and other ico this s where the token and coiins iis being created i guess soo guess because oof the funds they can earn it is really a great idea of make tokens and surely if you were lucky i guess iit will be a great token and you can get a great amount of money.
People want money, it is a simple thing.
They create something and expect something back even when it is a scam.
They create something and expect something back even when it is a scam.
They are creating more tokens because they are hoping that thier token will be like bitcoin someday and some of the token are having a great value.
Because there are a lot of ICOs. Every ICO has their own token. Tokens really not affect the value of alternate cryptocurrencies. It is the value of Bitcoin that has a huge effect on the value of every alternate cryptocurrencies. Having too many tokens in the world of exchange is not a problem at all.
I think the reason why there are so many token is because it is easy and cheap to create especially on ethereum. in fact i have seen some thread on services announcement where members are offering to create ethereum token for cheap amount of money. however this will surely affect the price of other tokens because ones there are many tokens created then tokens sales is not monopolized which means money meant to be invested on one token may be divided to invest in many token
Yes but all coins wont exist.Many will die
This maybe a preparation for digital currency economy of course if we will be using bitcoin as our main currency establishment must adopt with, If you notice there are grab cars that will accept bitcoin, others like mobile shopping, car insurance and many more I'm sure when bitcoin become legal these tokens will also become a big hit and many will start using it
I just don't understand why people are creating a lot of tokens even if there are a lot of it already? Will these not affect the value of Altcoins?
They creating more tokens simply because they wanted that someday they will develop altcoin that could be like bitcoin in the future. Some creates tokens (ICO) just to earn money....
there are a lot of tokens that some ICO and bounty campaign create, maybe because they want there token becomes different from other token have,but some of them is no value yet in the board we use to wait the value of it and think that it has a higher value to get more profit from it.
because token was easy to made, so many airdrop form using their custom token they have created. affect the other altcoin price ? i think no, every altcoin have its own characteristic and price
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